Sonali Pay UK Limited is an Authorized Payment Institution (API) under the trading name SonaliPay in the UK. SonaliPay is a 100% owned subsidiary of Sonali Bank PLC, Bangladesh. The company was initially formed on 28th April 2022, with a view to becoming a standalone authorised remittance entity to provide service for the UK based Bangladeshi diaspora. SonaliPay received its authorisation from Financial Conduct Authority (FCA) on 15th June 2023 following a successful application with its own unique reference number (FRN) 977519 which is listed on the FCA Financial Services Register.
Sonali Pay UK provides Remittance Services, including bank transfers to accounts in Bangladesh from the UK. Beneficiaries also have the option to utilize cash pickup services at over 1220+ branches of Sonali Bank PLC across Bangladesh. Furthermore, customers can seamlessly send money to Bangladesh, directly to bKash and Nagad accounts UK through our mobile app or web platform.
Board of Directors
Mr. Ziaul Siddiqui
Chairman
Mr. Ziaul Siddiqui joined SPUK Ltd as a Chairman on 28th April 2022. He is currently the chairman of Sonali Bank PLC. He has been a Deputy Governor of Bangladesh Bank 2006 to 2011 and the Chairman of Bangladesh Commerce Bank Limited. He has also held directorships in several financial institutions in Bangladesh.
Anurag Saxena
Director
Anurag Saxena joined SPUK Ltd as a Director on 28th April 2022.He has significant board-level experience in monitoring and overseeing those key risks while performing in his current role as Chair of the Board Risk Committee and Remuneration & Appointment Committee of NBS Bank in Malawi, appointed by IFC / World Bank 8 years back. He was also a member of the Board Risk & Audit Committee and Remuneration Committee of NBC Bank in Tanzania, again appointed by IFC / World Bank, (this bank was part of Barclays group). Mr Saxena has current and previous experience of being a Board member including his present position as MD of Linkcoz since 2010. His current role as MD of Linkcoz since 2010, has been involved in enhancing corporate governance.
Masum Billah
CEO & Executive Director
Mr Masum Billah appointed as a CEO & Executive Director on 28th April 2022. He has 25 years of banking experience with a strong focus on risk operations, including technology. He previously worked at Citibank, N A Dhaka, Bangladesh before moving to the UK in 2010. He was regional compliance Head of Trade Business for Citibank U K and Bank of America, UK before joining Habib Bank Zurich PLC London as their COO (SMF 24) and Executive Director (SMF 3) to the Board He also led the rolling out of Islamic Banking window for Habib Bank UK. Mr Billah has knowledge and experience of UK local laws, rules, and regulations.
